PAOLI, Pa., April 01, 2019 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (Nasdaq:MLVF), parent company of Malvern Bank, National Association, today announced that Jamie Barrett has been appointed to the board of directors of the Company. Mr. Barrett is Managing Director of Acrewood Holdings LLC, an investment firm headquartered in Bryn Mawr, Pennsylvania. He has nearly 20 years of experience in the financial services industry.

Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc. and Malvern Bank, commented, “Jamie is an outstanding addition to Malvern’s board. His background and experience complement our Board’s depth, and his breadth of involvement in financial services and his ties to the mainline community, further enhance the diversity of expertise and perspective available to Malvern’s Board in leading our growing business.”

Mr. Barrett holds an A.B. degree from Princeton University and an M.B.A. from the Wharton School at the University of Pennsylvania.

The Board also acknowledges the retirement of Therese Woodman from the board of directors of Malvern Bancorp and the Bank after 10 years of service. “On behalf of the Bank and the Board of Directors, I would like to thank Ms. Woodman for her dedication and support over the past 10 years and wish her well in her retirement,” stated Mr. Weagley.

About Malvern Bancorp, Inc.

Malvern Bancorp, Inc. is the holding company for Malvern Bank, National Association, a national bank that was originally organized in 1887 as a federally-chartered savings bank. Malvern Bank, National Association now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, Malvern Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity.